The RFID market is projected to reach USD 25.24 billion by 2033 from USD 12.61 billion in 2025 at a CAGR of 9.1% during the forecast period.
A major driving factor for the growth of RFID market is the use of RFID solutions in inventory and supply chain management along with the growing adoption of RFID technology, demand of real-time tracking and monitoring in various industries, and advancements in RFID technology related to higher read range and data capacity. Besides, growth in the retail and e-commerce sectors, advancements in loT-enabled RFID systems, and integration of RFID with cloud and analytics platforms will provide other opportunities that will drive this market.
To know about the assumptions considered for the study download the pdf brochure
Major RFID companies include:
Some of the major players in the RFID market with significant global presence are Zebra Technologies Corp. (US), Avery Dennison Corporation (US), Honeywell International Inc. (US), HID Global Corporation (US), and Datalogic S.p.A. (Italy). These players have incorporated various organic and inorganic growth strategies including collaborations, acquisitions, product launches, partnerships, and expansions to strengthen their international footprint and capture a greater share in the RFID market. These organic and inorganic strategies have allowed the market players to expand themselves across geographies by offering RFID solutions and services.
Zebra Technologies Corp. (US) is among the leading suppliers of RFID solutions with a broad product portfolio, serving applications such as asset tracking, identification, personnel tracking, and logistics management. It has a broad strategy focused on both organic growth, through product launches, and inorganic growth strategies in the form of partnerships that expand the leading position of Zebra Technologies Corp. in the RFID market. For instance, the company unveiled a Wi-Fi-enabled, handheld RFID sled. The innovative design simplifies the remote management and configuration regardless of any mobile computer form factor and OS platform used. In November 2024, the company declared that it had established an alliance with Gramedia, a bookstore, in Indonesia for the RFID retail solutions; the implementation led to increasing self-checkout efficiency up to 60% as well as the reduction in inventory time to 50%, stock accuracy, and operational resource use.
Avery Dennison Corporation (US) has the complete range of inlays, tags, and sensor-based RFID. The organic and inorganic growth strategy of the company has included product launch, acquisition, expansion, and partnership for strategic competitive advantage within the RFDI market. In January 2023, it was announced that the company would be investing a sum of USD 100 million to enhance its North America production capacities by building a new manufacturing facility in Queretaro, Mexico. This strategic investment was designed to help the company in meeting its objective of creating a unique digital identity for every item, thereby helping it emerge as the world's leading RFID provider. The product has a strong inlay market presence since the company provides tags and readers to retailers, manufacturers, and brand owners for them to sell to their consumers.
HID Global Corporation (US) is the leading provider of secure identity solutions. This includes multiple products and services to help organizations create, manage, and use secure identities. Specific applications are developed, such as physical access control, IT security and authentication, visitor management, and government ID. It approaches organic and inorganic growth by employing product launches, acquisitions, and partnerships. In February of 2023, GuardRFID, a real-time location services company with hardware and software solutions that primarily targets the health care vertical, was added to HID as an acquisition. These acquisitions augment HID's foothold and ability in building opportunities around Active RFID and RTLS with a special emphasis on enabling new use cases to support the unique needs of health care facilities.
Related Reports:
RFID Market by Tags, Readers (Fixed, Handheld, Wearable), Form Factor (Card, Label, Key Fob and Token, Band, Paper and Inlay, Implantable), Frequency (Low, High, Ultra-high), Inventory and Asset Management, Ticketing - Global Forecast to 2033
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE